Bandhan Bank Q4 Results 2022: Profit grows by 1746.6% to reach Rs.1902 Crores

On 13th May 2022, Bandhan Bank announced its quarterly results for the last quarter of FY2022.

Key Highlights:

Q4FY22:

- Net Interest Income (NII) for the quarter grew by 44.6% to ₹2,539.8 crores as against ₹1,757.0 crores in Q4FY21.  

- Non-interest income grew by 37.7% to ₹964.4 crores for Q4FY22 against ₹700.4 crores in Q4FY21.  

- Operating Profit for Q4FY22 increased by 53.5% to ₹2,521.3 crores against ₹1,642.8 crores in the corresponding quarter of the previous year.  

- Net Interest Margin (annualized) for Q4FY22 stood at 8.7% against 6.8% in Q4FY21.

- Net Profit for Q4FY22 to Rs.1902 crores from Rs.103 crores in Q4FY21, up by 1746.6%.

- The bank reported revenue of Rs.3872 crores from Rs.3001 crores.

FY2022:

- Net Interest Income (NII) for the current year grew by 15.2% to ₹8,714.0 crores as against ₹7,563.4 crores in FY2021.  

- Non-interest income grew by 39.6% to ₹2,822.8 crores for FY2022 against ₹2,022.3 crores in FY2021.

- Operating Profit for the year increased by 18.4% to ₹8,013.4 crores against ₹6,768.8 crores in FY2021.  

- Net Interest Margin (annualised) for FY2022 stood at 8.2% against 7.8% in FY2021

- Net Profit for FY2022 declined to Rs.126 crores from Rs.2205 crores in FY2021.

- The bank reported revenue of Rs.13871 crores from Rs.12524 crores, up by 10.75% YoY.

Other Highlights:

- Total Advances (on book + off book + TLTRO + PTC) grew by 14.1% to ₹99,338.1 crore as on March 31, 2022 against ₹87,042.9 crore as on March 31, 2021.  

- Total Deposits increased by 23.5% to ₹96,330.6 crore as of FY2022 as compared to ₹77,972.2 crores for FY2021.  

- Gross NPAs as on March 31, 2022 is at ₹6,380.0 crore (6.46%) against ₹9,441.6 crore (10.81%) as on December 31, 2021 (Q3FY22).  

- Net NPAs as on March 31, 2022 stood at ₹1,564.2 crore (1.66%) against ₹2,413.1 crore (3.01%) as on December 31, 2021 (Q3FY22).

Business Highlights:

- Banking outlets as of March 31, 2022, stood at 5,639. 

- The network consists of 1,189 branches, and 4,450 banking units as against 1,147 branches and 4,163 banking units as of March 31, 2021. 

- The total number of ATMs stood at 471 as of March 31, 2022, against 487 as of March 31, 2021. 

- During the quarter, the number of employees of the bank has gone up from 55,341 to 60,211.

Commenting on the performance, Mr. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “Bank has seen best-ever quarterly performance during the quarter backed by robust all-round operating performance and lower credit costs. Given the strong recovery and stable operating environment, we are confident of further improving our performances during next fiscal as well”.